S&P 500 Growth Continues: Why and What's Next

05.22.24: Final Bar host David Keller, CMT welcomes Mike Singleton of Invictus Research. David highlights a bearish momentum divergence for gold and also how mid cap and small cap stocks have yet to make new highs in Q2. Mike paints a bullish picture for stocks based on economic growth and improving earnings, and why materials may be the best way to play the reflation trade.
Dave's chart showing bearish momentum divergence for GLD: schrts.co/UUjyJYBR
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00:00 Welcome to the Show!
01:09 Market Recap: S&P 500 ETF (SPY)
07:54 S&P 500 Index ($SPX), S&P Midcap 400 ETF (MDY), Russell 2000 ETF (IWM)
10:29 S&P 500 Equal Weight ETF (RSP), SGold Shares (GLD), Nvidia (NDVA)
13:50 Microchip Technology (MCHP), KLA Corp (KLAC), First Solar (FSLR)
15:24 Moderna (MRNA), Pfizer (PFE), Electronic Arts (EA)
17:52 Lululemon Athletica (LULU)
19:11 Interview with Mike Singleton of Invictus Research
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Dave's chart showing bearish momentum divergence for GLD: schrts.co/UUjyJYBR 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj

[@domtrabucco7612]

My favorite stock show - by far.

[@DKellerCMT]

Appreciate that!! D

[@jacqueliu7896]

Mike offers an excellent blend of technical and macro analysis, some of the best I've seen. Rock on!

[@DKellerCMT]

Agreed- love his take using multiple disciplines D

[@lowlyworm9719]

Great guest!

[@DKellerCMT]

Happy to help! D

[@quietStorm247]

Thank you, David, for very timely information!

[@peterpayne2219]

Very great episode! Tomorrow episode should be very interesting. Also, with the reaction to Nvidia.

[@DKellerCMT]

Appreciate that Peter! Yep today is a fascinating one... D

[@vishal76i9]

So much to learn from Mike please repeat him thanks D.

[@DKellerCMT]

Appreciate that and will do! D

[@sridharv]

@@DKellerCMT Yes, it will be nice to do a full length interview with him to tease out more about his investment process.

[@mikem2492]

Thank You

[@tanleproe]

Buy the dips

[@douglaspmatheny]

I think we may rollover. Lately it’s been a big drop every day after 1pm.

[@DKellerCMT]

Right on time with selloff today! D

[@tanleproe]

The S&P 500 had a golden cross this Monday. That's when the 20-day MA crosses above the 50-day MA. The last time it did so was on Nov 20th, 2023. GL.

[@DKellerCMT]

Potential bearish engulfing pattern after today's selloff~. D

[@titusrider7948]

Nvidia is at ths pinnacle of the technology sector and they blew out their numbers and offered strong guidance, why isn't the QQQ going higher?

[@DKellerCMT]

Lack of Fed rate cuts implied by stronger economic data? D

[@titusrider7948]

@@DKellerCMT Thanks David ! This is so frustrating, I steered clear of yesterday's event and waited for the profit taking action this morning. The QQQ pulled back to what looked like a good entry but it wasn't 😅 Ouch!

[@generalposter4792]

Growth? This is fueled by small speculators and the big boys are selling into it. It will not be pretty soon.